Property Information

IN ESCROW
New Construction Duplex
Punta Gorda, FL 33983
6BR, 4BA, Pre-Construction
Square Feet2,510
Initial Market Value$314,900
Purchase Price$314,900
Downpayment$78,725
Loan Origination Fees$2,362
Depreciable Closing Costs$9,447
Other Closing Costs and Fixup$0
Initial Cash Invested$90,534
Cost per Square Foot$125
Monthly Rent per Square Foot$1.08
IncomeMonthlyAnnual
Gross Rent$2,700$32,400
Vacancy Losses($216)($2,592)
Operating Income$2,484$29,808
ExpensesMonthlyAnnual
Property Taxes($367)($4,409)
Insurance($105)($1,260)
Management Fees($199)($2,385)
Leasing/Advertising Fees$0$0
Association Fees($12)($144)
Maintenance($81)($972)
Other$0$0
Operating Expenses($764)($9,169)
Net PerformanceMonthlyAnnual
Net Operating Income$1,720$20,639
- Mortgage Payments($1,268)($15,214)
= Cash Flow$452$5,425
+ Principal Reduction$290$3,484
+ First-Year Appreciation$1,575$18,894
= Gross Equity Income$2,317$27,804
+ Tax Savings$17$204
= GEI w/Tax Savings$2,334$28,008
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$236,175$0
Monthly Payment$1,267.84$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate5.000%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.36
Annual Gross Rent Multiplier10
Monthly Gross Rent Multiplier117
Capitalization Rate6.6%
Cash on Cash Return6%
Total Return on Investment31%
Total ROI with Tax Savings31%
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee8%
Maintenance Percentage3%
Comments
Estimated April-June Completion. This 6 bedroom, 4 bath, duplex is located in a very desirable area of Punta Gorda,Florida. Retail stores and popular restaurants conventionally located nearby. Property on city sewer and water. Duplexes are concrete block
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.